Jack Henry & Associates ( (JKHY) ) has released its Q2 earnings. Here is a breakdown of the information Jack Henry & Associates presented to its investors.
Jack Henry & Associates, Inc., an S&P 500 financial technology company, is renowned for providing modern technology solutions to banks and credit unions, enabling innovation and competitive differentiation in the financial sector.
The company recently reported its second-quarter fiscal 2025 earnings, showcasing a steady growth trajectory with increases in both revenue and earnings per share. The company’s strategic focus on technology modernization and a robust sales pipeline contributed to these positive results.
Jack Henry & Associates witnessed a 5.2% increase in GAAP revenue and a 6.1% rise in non-GAAP adjusted revenue for the quarter ending December 31, 2024. Operating income saw a modest growth of 3.4% under GAAP and a more significant increase of 7.3% on a non-GAAP basis. The company also reported a diluted EPS of $1.34, marking an improvement over the previous year’s $1.26. For the fiscal year-to-date, revenue and net income have grown by 5.2% and 12.1%, respectively.
On the operational front, Jack Henry’s core, payments, and complementary segments all posted revenue growth, driven by strong demand for data processing, hosting, and payment processing services. Research and development expenses rose due to increased personnel costs, aligning with the company’s commitment to innovation.
Looking ahead, Jack Henry & Associates maintains a positive outlook for fiscal 2025, with expected revenue growth and operating margin improvements, reflecting confidence in their ongoing strategic initiatives and market demand for their technology solutions.